TheDrop Market Analysis, 8/14/23

Today's market results were quite interesting to say the least.

All index funds, Dow Jones, S&P 500, and Nasdaq are up considerably following news of slowing inflation, as indicated in today's CPI report.

Many other stocks are also riding the wave of market enthusiasm following the extremely beneficial CPI report. Apple, Berkshire Hathaway, Home Depot, Nike, just to name a few, grew by quite considerable margins, continuing recovery efforts from last week's minor crash.

Nvidia continues to grow because of investor enthusiasm for its earnings report later this month, making it somewhat overbought, which could lead to massive unaccounted-for dips if conditions are ripe. Even despite many risks, investors continue to poor in funding to the chips and AI manufacturer.

Toyota, as well as other car manufacturers like Honda and Ford, are up by varying levels as today's CPI report shows signs of declines in car prices, opening the market to less wealthy consumers.

Quite shocking was Google's decline in share price, as the Department of Justice spreads a likelihood of breaking up the large company. Tesla stock sells off as enthusiasm from Monday's Trump interview begins to dwindle and the company reverses its state of being overbought. Intel, unfortunately, resulted to selling 1.18 million shares to Arm Holdings in an effort of cutting costs and raising a pool of investment cash which it desperately needs at this time.